Please be aware of a right offering that took place on $PFC.L (Petrofac)
👉 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐫𝐢𝐠𝐡𝐭𝐬 𝐨𝐟𝐟𝐞𝐫𝐢𝐧𝐠?
A rights offering is where existing shareholders are given the option to buy further shares, in proportion to their current holdings. These rights may be traded as normal shares up until the date that the new shares can be purchased. Often, a rights offering dilutes a company's net profit across more shares and can (but will not always) bring down share prices.
👉 𝐇𝐨𝐰 𝐝𝐨 𝐰𝐞 𝐚𝐜𝐭 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐚 𝐫𝐢𝐠𝐡𝐭𝐬 𝐨𝐟𝐟𝐞𝐫𝐢𝐧𝐠?
eToro reviews the terms of the offering and provides users holding the relevant stock with a cash dividend equal to the value of the offered shares.
It’s important to note that once the funds are added to your account, they may be seen immediately on the portfolio’s history page, or in the account statement the day after the funds are added.
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Hello there, @eToroTeam!
Since you already offer a lot of iShares ETF's, can I ask, when you will add their iShares Global Clean Energy ETF (ICLN)? I think that this ETF is currently one of the most wanted on the market since it tracks clean energy companies, which is a very popular topic right now... Show More Translate
please, can you elaborate on this. So if we have open buy positions what will happen next, and when? How this will benefit us, or what do we have to do to benefit shareholders now. Please respond @eToro_Service... Show More Translate
Only response I received,
Thank you for contacting eToro customer service.
Please keep in mind that currently there is no specific date or a deadline for this rights offering that we are providing but more details will be given out to the eligible eToro users in the following weeks.
Please be... Show More Translate